Taiwan Hon Chuan Enterprise Co Ltd (9939) - Net Assets

Latest as of September 2025: NT$18.97 Billion TWD ≈ $597.68 Million USD

Based on the latest financial reports, Taiwan Hon Chuan Enterprise Co Ltd (9939) has net assets worth NT$18.97 Billion TWD (≈ $597.68 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$45.69 Billion ≈ $1.44 Billion USD) and total liabilities (NT$26.72 Billion ≈ $841.84 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 9939 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$18.97 Billion
% of Total Assets 41.52%
Annual Growth Rate 12.37%
5-Year Change 46.07%
10-Year Change 55.97%
Growth Volatility 14.48

Taiwan Hon Chuan Enterprise Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Taiwan Hon Chuan Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Taiwan Hon Chuan Enterprise Co Ltd assets under control for the complete picture of this company's asset base.

Annual Net Assets for Taiwan Hon Chuan Enterprise Co Ltd (2000–2024)

The table below shows the annual net assets of Taiwan Hon Chuan Enterprise Co Ltd from 2000 to 2024. For live valuation and market cap data, see 9939 market cap overview.

Year Net Assets Change
2024-12-31 NT$20.28 Billion
≈ $638.95 Million		 +23.19%
2023-12-31 NT$16.46 Billion
≈ $518.66 Million		 +5.92%
2022-12-31 NT$15.54 Billion
≈ $489.66 Million		 +9.53%
2021-12-31 NT$14.19 Billion
≈ $447.07 Million		 +2.21%
2020-12-31 NT$13.88 Billion
≈ $437.42 Million		 +1.13%
2019-12-31 NT$13.73 Billion
≈ $432.51 Million		 +4.96%
2018-12-31 NT$13.08 Billion
≈ $412.07 Million		 -0.64%
2017-12-31 NT$13.16 Billion
≈ $414.70 Million		 +3.84%
2016-12-31 NT$12.68 Billion
≈ $399.37 Million		 -2.51%
2015-12-31 NT$13.00 Billion
≈ $409.67 Million		 +11.43%
2014-12-31 NT$11.67 Billion
≈ $367.65 Million		 +6.62%
2013-12-31 NT$10.94 Billion
≈ $344.81 Million		 +2.34%
2012-12-31 NT$10.69 Billion
≈ $336.91 Million		 -8.60%
2011-12-31 NT$11.70 Billion
≈ $368.60 Million		 +26.05%
2010-12-31 NT$9.28 Billion
≈ $292.43 Million		 +7.45%
2009-12-31 NT$8.64 Billion
≈ $272.15 Million		 +17.97%
2008-12-31 NT$7.32 Billion
≈ $230.71 Million		 +44.16%
2007-12-31 NT$5.08 Billion
≈ $160.03 Million		 +19.45%
2006-12-31 NT$4.25 Billion
≈ $133.97 Million		 +4.91%
2005-12-31 NT$4.05 Billion
≈ $127.70 Million		 +7.77%
2004-12-31 NT$3.76 Billion
≈ $118.50 Million		 +46.39%
2003-12-31 NT$2.57 Billion
≈ $80.95 Million		 +17.42%
2002-12-31 NT$2.19 Billion
≈ $68.94 Million		 +41.19%
2001-12-31 NT$1.55 Billion
≈ $48.83 Million		 +25.45%
2000-12-31 NT$1.24 Billion
≈ $38.92 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Taiwan Hon Chuan Enterprise Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 2544.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings NT$6.28 Billion 32.32%
Common Stock NT$2.96 Billion 15.22%
Other Comprehensive Income NT$3.83 Billion 19.72%
Other Components NT$6.36 Billion 32.74%
Total Equity NT$19.43 Billion 100.00%

Taiwan Hon Chuan Enterprise Co Ltd Competitors by Market Cap

The table below lists competitors of Taiwan Hon Chuan Enterprise Co Ltd ranked by their market capitalization.

Company Market Cap
Empresas Lipigas S.A.
SN:LIPIGAS
 $1.04 Billion
Manchester United Ltd
NYSE:MANU
 $1.04 Billion
Helix Energy Solutions Group Inc
NYSE:HLX
 $1.04 Billion
Yangzhou Seashine New Materials Co
SHE:300885
 $1.04 Billion
Magellan Aerospace Corporation
TO:MAL
 $1.04 Billion
Shelly Group SE
XETRA:SLYG
 $1.04 Billion
Suzhou Wanxiang Technology Co. Ltd.
SHE:301180
 $1.04 Billion
CTCI Corp
TW:9933
 $1.04 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Taiwan Hon Chuan Enterprise Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 15,700,021,000 to 19,434,830,000, a change of 3,734,809,000 (23.8%).
  • Net income of 2,833,665,000 contributed positively to equity growth.
  • Dividend payments of 1,539,654,000 reduced retained earnings.
  • New share issuances of 1,064,000,000 increased equity.
  • Other comprehensive income increased equity by 1,650,367,000.
  • Other factors decreased equity by 273,569,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income NT$2.83 Billion +14.58%
Dividends Paid NT$1.54 Billion -7.92%
Share Issuances NT$1.06 Billion +5.47%
Other Comprehensive Income NT$1.65 Billion +8.49%
Other Changes NT$-273.57 Million -1.41%
Total Change NT$- 23.79%

Book Value vs Market Value Analysis

This analysis compares Taiwan Hon Chuan Enterprise Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.66x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 6.87x to 1.66x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 NT$16.23 NT$111.50 x
2007-12-31 NT$18.78 NT$111.50 x
2008-12-31 NT$22.36 NT$111.50 x
2009-12-31 NT$30.39 NT$111.50 x
2010-12-31 NT$30.25 NT$111.50 x
2011-12-31 NT$35.97 NT$111.50 x
2012-12-31 NT$35.22 NT$111.50 x
2013-12-31 NT$35.78 NT$111.50 x
2014-12-31 NT$39.27 NT$111.50 x
2015-12-31 NT$39.91 NT$111.50 x
2016-12-31 NT$39.49 NT$111.50 x
2017-12-31 NT$42.54 NT$111.50 x
2018-12-31 NT$42.41 NT$111.50 x
2019-12-31 NT$44.10 NT$111.50 x
2020-12-31 NT$45.05 NT$111.50 x
2021-12-31 NT$46.67 NT$111.50 x
2022-12-31 NT$51.70 NT$111.50 x
2023-12-31 NT$54.44 NT$111.50 x
2024-12-31 NT$67.10 NT$111.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Taiwan Hon Chuan Enterprise Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 14.58%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 9.97%
  • • Asset Turnover: 0.66x
  • • Equity Multiplier: 2.22x
  • Recent ROE (14.58%) is above the historical average (12.33%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 19.30% 15.92% 0.52x 2.35x NT$114.88 Million
2001 12.07% 12.82% 0.59x 1.59x NT$32.00 Million
2002 16.68% 15.53% 0.53x 2.04x NT$146.19 Million
2003 15.73% 13.75% 0.43x 2.67x NT$147.16 Million
2004 10.53% 9.75% 0.45x 2.41x NT$17.21 Million
2005 7.51% 5.98% 0.42x 2.97x NT$-82.76 Million
2006 9.02% 5.96% 0.50x 3.05x NT$-34.98 Million
2007 6.60% 4.13% 0.59x 2.70x NT$-145.36 Million
2008 15.15% 8.17% 0.69x 2.71x NT$255.87 Million
2009 14.04% 9.60% 0.70x 2.09x NT$276.54 Million
2010 16.96% 10.12% 0.72x 2.32x NT$515.97 Million
2011 13.00% 9.04% 0.64x 2.26x NT$285.94 Million
2012 11.78% 7.39% 0.73x 2.18x NT$174.06 Million
2013 11.16% 6.69% 0.65x 2.55x NT$115.81 Million
2014 9.10% 5.61% 0.59x 2.75x NT$-96.14 Million
2015 7.94% 5.72% 0.57x 2.44x NT$-245.59 Million
2016 10.02% 7.14% 0.60x 2.33x NT$2.66 Million
2017 9.86% 7.03% 0.62x 2.27x NT$-17.22 Million
2018 8.78% 5.48% 0.68x 2.36x NT$-152.14 Million
2019 10.67% 6.42% 0.68x 2.44x NT$86.86 Million
2020 12.66% 8.56% 0.61x 2.42x NT$347.81 Million
2021 14.60% 9.19% 0.64x 2.49x NT$618.71 Million
2022 14.86% 8.97% 0.67x 2.46x NT$724.03 Million
2023 15.76% 9.37% 0.70x 2.41x NT$904.18 Million
2024 14.58% 9.97% 0.66x 2.22x NT$890.18 Million

Industry Comparison

This section compares Taiwan Hon Chuan Enterprise Co Ltd's net assets metrics with peer companies in the Packaging & Containers industry.

Industry Context

  • Industry: Packaging & Containers
  • Average net assets among peers: $5,371,316,125
  • Average return on equity (ROE) among peers: 6.04%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Taiwan Hon Chuan Enterprise Co Ltd (9939) NT$18.97 Billion 19.30% 1.41x $1.04 Billion
Yonyu Plastics Co Ltd (1323) $1.03 Billion 4.65% 1.11x $58.38 Million
K Laser Technology Inc (2461) $3.28 Billion 6.56% 1.14x $90.65 Million
Xin Chio Global Co Ltd (3171) $874.76 Million 16.30% 0.76x $69.13 Million
Coxon Precise Industrial Co Ltd (3607) $6.08 Billion -5.20% 0.74x $55.77 Million
Kingcan Holdings Ltd (8411) $3.24 Billion 10.72% 0.69x $84.29 Million
Jiyuan Packaging Holdings Ltd (8488) $2.47 Billion 3.91% 1.16x $23.85 Million
Great China Metal Industry Co Ltd (9905) $5.39 Billion 5.27% 0.21x $205.16 Million
Ton Yi Industrial Corp (9907) $20.60 Billion 6.10% 1.26x $873.14 Million

About Taiwan Hon Chuan Enterprise Co Ltd

TW:9939 Taiwan Packaging & Containers
Market Cap
$1.04 Billion
NT$32.98 Billion TWD
Market Cap Rank
#8932 Global
#275 in Taiwan
Share Price
NT$111.50
Change (1 day)
-0.89%
52-Week Range
NT$110.00 - NT$161.50
All Time High
NT$175.50
Categories
Companies in Taiwan Packaging & Containers
About

Taiwan Hon Chuan Enterprise Co., Ltd. manufactures and sells various packaging materials for the food and beverage industries in Taiwan, Mainland China, Southeast Asia, and internationally. The company offers aluminum, plastic, and metal caps; polyethylene terephthalate bottle/perform, and label products; and LDPE shrinkable films. It also provides beverage filling original equipment manufacturer… Read more